Brazil: $15 bn offered to state govts as emergency debt relief through 2018 – The Indian Express

Interim President Michel Temer had a meeting with Finance Minister Henrique Meirelles after which it was decided that states would receive a six-month grace period on their debts to the federal government.

Brazil on June 21 offered its state governments 50 billion reais ($15 billion) of emergency debt relief over the next three years in an effort to shore up public services amid the…

Read the full article at: http://indianexpress.com/article/world/world-news/brazil-15-bn-offered-to-state-govts-as-emergency-debt-relief-through-2018-2865930/